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Dec 4, 2013
12/13
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ALJAZAM
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economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about the grows gap between rich and poor. it's not a new story or a new subject for president obama. he talked ariel castro it two years ago in a benchmark speech in kansas. and he spoke a little bit about in this year's state of the union. the top 1% in this country have seen their income triple over the course of the last 28 years, meanwhile the middle class has scene their income grow at a modest 1% on average over the course of that same time annually. so the president will be talking about that. he'll be talking once again renewing his call to raise the minimum wage. a lot of
economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about...
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Dec 7, 2013
12/13
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KQEH
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it looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the federal reserve to cut back on the stimulus plan. now it looks like investors and traders believe a growing economy is good news. so here is a look at today's closing numbers. the dow shot up almost 200 points back above the 16,000 level. the nasdaq jumped about 30 and s&p rose 20 points returning to the 1800 mark again. >>> so where are all those jobs, and what do the gains mean for the economy? hampton pearson takes a look. >> just in time for the holidays, tanger outlets opened this 100 million dollar complex with 80 high-end retailers outside washington d.c. in light of today
it looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the...
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Dec 4, 2013
12/13
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ALJAZAM
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these trends are bad for our economy. one study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. and that makes sense. when families have less to spend that means businesses have fewer customers. and households rack up greater mortgage and credit card debt. meanwhile concentrated wealth at the top is less likely to result in the broodly based consumer spending that drives our economy. rising inequality and declining mobility are also bad for our families and social cohesion, not just because we tend to trust our institutions less, but studies show we actually tend to trust each other less when there's greater inequality. and greater inequality is associated with less mobility between generations. that means the effects last. it creates a vicious cycle. for example, by the time she turns three years old, a child born into a low-income home hears 30 million fewer words than a child from well-off family. which means by the time she starts school she is already behind an
these trends are bad for our economy. one study finds that growth is more fragile and recessions are more frequent in countries with greater inequality. and that makes sense. when families have less to spend that means businesses have fewer customers. and households rack up greater mortgage and credit card debt. meanwhile concentrated wealth at the top is less likely to result in the broodly based consumer spending that drives our economy. rising inequality and declining mobility are also bad...
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trajectory in the world economy although they have all been showing signs of some weakness. in recent months because the global situation is not good and the crisis in the global system is continuing to work itself out over many years and that affects everyone including the british. let's get a corporate talk about the father this week so little and. small. could be europe's if you know how the jewel screen with the traditional l.c.d. color display alongside tonic paper display on the system and so you. can do device on the inside itself a little in russia and several other european countries is right up prices around six hundred seventy five dollars a year up six hundred dollars in russia which is also you saw it cheaper than competitors like i phone five in the summer galaxy s poll. shows the longest employ of russian broadway's has put a third of its employees about three hundred thousand on stilts and walking allies the head of the middle. name says that the part time show is necessary given the current economic climate the decline in right all the ace. russia central ba
trajectory in the world economy although they have all been showing signs of some weakness. in recent months because the global situation is not good and the crisis in the global system is continuing to work itself out over many years and that affects everyone including the british. let's get a corporate talk about the father this week so little and. small. could be europe's if you know how the jewel screen with the traditional l.c.d. color display alongside tonic paper display on the system...
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Dec 5, 2013
12/13
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MSNBCW
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economy. those are the jobs we need to raise wages for. >> jack brings up an important point, seven out of ten growth occupyings through 2020 are low-wage jobs. this the american job market. the president has supported this, we have a lot of democrats who have come out and supported thchl i think it is much harder, actually, for conservatives to dismiss the minimum wage in the way they dismiss other parts of the social safety net. this is not an entitlement program. there's economic stimulus. i think this puts conservatives in a tough position. >> it does put republicans in a tough position. majority of republicans think this is a good idea. the president talked beauty this yesterday. he's been talking about this for as long as he's been in public life. how is it we get more hone into the hands of working americans so we can grow the economy with people actually going out and working every day and building the economy with their hands and their brains. the next challenge for the democrats, how
economy. those are the jobs we need to raise wages for. >> jack brings up an important point, seven out of ten growth occupyings through 2020 are low-wage jobs. this the american job market. the president has supported this, we have a lot of democrats who have come out and supported thchl i think it is much harder, actually, for conservatives to dismiss the minimum wage in the way they dismiss other parts of the social safety net. this is not an entitlement program. there's economic...
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economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement is now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah for new stuff so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a pentagon show and he believes that these numbers do not tell the truth these are all remote
economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement is now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped...
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Dec 6, 2013
12/13
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KQED
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horse economy. it ain't a racehorse. it ain't going to run the kentucky derby but it's not going to kill over and die, either. right now business leaders and executives are stuck in the middle. they don't see a boom coming but worried about problems and clearly worried about uncertainty with government policy. what that does is sticks them in the middle. i think another couple quarters of good economic data, more news of positive job growth and you're likely to see that happen. >> okay. >> one other quick thing and that is it just costs less to buy computers today, to make investmen investments. their businesses are investing but sometimes when we look at the spending itself, if they spend less on a computer, it may look like they are not even though they are investing. >> we'll see what 2014 holds. >>> meanwhile, mortgage rates edged higher this week following encouraging data about new home sales and job growth. the average rate on a 30-year fixed rate is 4.46%, up from 4.29% just last week, accor
horse economy. it ain't a racehorse. it ain't going to run the kentucky derby but it's not going to kill over and die, either. right now business leaders and executives are stuck in the middle. they don't see a boom coming but worried about problems and clearly worried about uncertainty with government policy. what that does is sticks them in the middle. i think another couple quarters of good economic data, more news of positive job growth and you're likely to see that happen. >> okay....
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Dec 10, 2013
12/13
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ALJAZAM
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economy. if the economy remains strong, more demand less supply fairs will go up. but, american and u.s. airs have been reported by the justice department to give up seven teen pair of slots at la guardia airport in new york. those slots will be divided up right now between southwest and virgin america. the national airport, the justice department wants to see those slots go to low fairs too. >> or is it simply because there are fewer airline that can say more for fees and that's that. >> they are as much of the aaron industry as wings are to an airplane. they are here, they are not going to go away, what we will see is a change in how airline sell them. american has offered different bundles. and obviously, if you are a more loyal customer, if you pay a business type of fair, or if you carry certain credit cards you may get exempted from those fees. >> henry heart of the industry, henry thank you for coming on, we appreciate it. >> sure. >> it took a merger to save american airlines, it took
economy. if the economy remains strong, more demand less supply fairs will go up. but, american and u.s. airs have been reported by the justice department to give up seven teen pair of slots at la guardia airport in new york. those slots will be divided up right now between southwest and virgin america. the national airport, the justice department wants to see those slots go to low fairs too. >> or is it simply because there are fewer airline that can say more for fees and that's that....
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economy. pope francis was very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed coziedup to us. >> i see it you could work as a child of the cold wind. in arkansas with people working two years with their kids is 60,000 but that is on a lot in california just with cost-of-living does not always work is great to raise minimum-wage there is too many variables that point to a clear path but ideally you do not want that of all wages and the recession you want to increase unemployment and you want those of benefits to drive wages down and the value could save that with unemployment benefits but they could never do that to adjust the problem with having a supply of that now is you want peop
economy. pope francis was very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed coziedup to us. >> i see it you could work as a child of the cold wind. in arkansas with people...
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Dec 9, 2013
12/13
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MSNBCW
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is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the question as to whether even if the health care law seems to be working pretty well and even if the economy comes back, whether this sense of him as a weak president or somebody who was too detached has taken hold and it does divorce him from the forces that are changing the economy. >> fred, when you look at 2014, i know that it's easy to say it's going to be a bad year for the democrats because of health care and the president's job rating. you have this recovering economy. i assume that benefits all incumbent governors first. does it help democrats? >> yes, i do. i t
is it the improving economy or is he divorced from the economy? >> it's really an important question because as susan said, it is difficult to really bounce back. if the economy does improve, that will help. no question about that. one of the things we have seen in public opinion over the last 60 days really is that this kind of base he had beneath him which is that people thought he was an honest president or a strong leader, some of that eroded significantly and i think that's the...
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Dec 8, 2013
12/13
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ALJAZAM
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quantity matters more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's full. this glass represents the government's employment report. five years after the worst recession since the great depression, america's economic recovery appears to be on solid footing. in november, the u.s. economy added 203,000 net new jobs. that is coming off revised figures that now prove we've added almost 200,000 new jobs a month since the summer. so far, the economy is up 2.1 million jobs this clear. 2013 is likely to be the best year for hiring since 2005. now, all those new jobs tarting to make a real dent in the unemployment rate. it fell to 7% in november, a drop of .3 from october and lowest in fiv
quantity matters more than economy, still, this economy is starting to get more real. >> if you like your doctor, you can keep him, as long as why your doctor is still in your network approximate. >> smokers beware. a company says if you light up, there's no job for you. this is real money. >> this is real money, you are the most important part of the show, join our live conversation on twitter. this is a glass, and it's full. it's not half empty, it's no the half full. it's...
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Dec 2, 2013
12/13
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CNBC
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economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this week in bahrain, foreign ministers from the united states, from the u.k., gulf states, egypt will be meeting and sitting down. they invited their iranian counterpart as well. we can learn more about how this agreement is going to play out. >> yeah. so we'll have to see how that plans out, hadley. another follow-up. cutting things, that's interesting when we're wondering what was going to happen with iran. >> exactly. he gave me a wink. he said there was going to be fights with the ministries. he didn't want to touch education or hurt welfare basically spending.
economy is necessarily going to be good for the israeli economy. they're the largest trading partner with israel and the e.u. is second. the conciliatory tone is one that we heard him talking about tehran. we're hearing it from the gulf states as well. you have the gulf arabs as well as the israelis, they're kicking at the traces but in the end they realize they're still pulling the same cart, which is the cart of the u.s. foreign policy so they have to get on board at some point. later this...
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Dec 6, 2013
12/13
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LINKTV
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today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by... for more information on t annenberg media ♪ provided by: narrador: en este episodio raquel y arturo siguen con la búsqueda de angel el hijo de rosario y fernando. el viejo amigo de angel, héctor, llama a arturo.
today, archaeologists struggle to reconstruct the economies of the ancient world, because an economy is essential to any society, past or present. to understand the evolution of economies is to better understand people of all places and of all times. captions by captionamerica, pittsburgh, pa. funding for this program was provided by... for more information on t annenberg media ♪ provided by: narrador: en este episodio raquel y arturo siguen con la búsqueda de angel el hijo de rosario y...
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find out what's really happening to the global economy in the kinds of reports on. the media leave us so we leave that maybe. by the same motion suit your. play your part of the physical. issues that no one is asking with the guests that you deserve answers from it's all on politicking only on our t.v. . welcome back you're watching our theatre national i'm marina joshie now to iceland were some controversial ways of jumpstarting economy are being rolled out instead of trying to save the bankrupt banks the government let them go to the wall leadership then decided to reject a last deposit repayment scheme swayed by protesters who said this wouldn't be fair instead every household in the country will have twenty four thousand euros written off their mortgage banking executives accused of causing the crisis in the first place are also being pursued by the state professor of economics rodney shakespeare believes that iceland is setting a remarkable example you must rely on your own national bank for your own uses for your own really calling me for the spreading and if
find out what's really happening to the global economy in the kinds of reports on. the media leave us so we leave that maybe. by the same motion suit your. play your part of the physical. issues that no one is asking with the guests that you deserve answers from it's all on politicking only on our t.v. . welcome back you're watching our theatre national i'm marina joshie now to iceland were some controversial ways of jumpstarting economy are being rolled out instead of trying to save the...
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Dec 6, 2013
12/13
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ALJAZAM
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economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial will be held in johannesberg. his body will lay in state for three days. the memorial's culminate with a state funeral. finally, mandela will be buried on sunday december 15th. >> reporter: tributes are being paid and prayers made for the icon. and now the world can officially say good-bye to nelsonela on december 10th which will be the official memorial service. and then for the following three days his remains will lay in state. but before then south africans will have a chance to remember the man who change lives forever. >> we have declared the 8th of december as a national day of pr
economy, a new report reveals the job picture is rienthing and unmroement is falling. a severe wind and ice storm is moving east. hundreds of thousands are without power, and travel problems are building. ♪ >>> in south africa and around the world people are k looking at the legacy of nelson mandela. meanwhile funeral plans are ama and the first lady will be there to pay their respects. here are some of the details of what is to come. on tuesday decemb10th an official public memorial...
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Dec 5, 2013
12/13
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CSPAN
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instead of doing bad things to the economy, we should be doing things to help move the economy forward. we have a proposal to invest more in our national infrastructure. as do people around the country, that we have huge unmet needs in that sector. it is a win-win to get jobs moving on that front. we pay for that infrastructure by saying that spent more of the moneys that were going to be spent on nationbuilding overseas to help invest in our economy right here at home. we have built lots of roads and lots of facilities in places like afghanistan. but sale at -- we are saying let's take some of those savings and invest them at home. invest in theo jobs of the future through early education. we believe we have to replace the sequester, no doubt about it. we understand that we may not be able to replace the whole thing at once, that we need to replace it, and we need to replace it in a balanced way, a way that calls for shared responsibility, which is why we have said from the beginning that in addition to making targeted cuts, we should also look at closing special interest tax breaks t
instead of doing bad things to the economy, we should be doing things to help move the economy forward. we have a proposal to invest more in our national infrastructure. as do people around the country, that we have huge unmet needs in that sector. it is a win-win to get jobs moving on that front. we pay for that infrastructure by saying that spent more of the moneys that were going to be spent on nationbuilding overseas to help invest in our economy right here at home. we have built lots of...
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Dec 5, 2013
12/13
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BLOOMBERG
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the economy is stronger and improving. loweringhy people are the forecasts. a lot people are saying the same things and the volatility is down. the central banks are in the markets aggressively. whether or not that will last all of 2014 is a question. months?or the first six >> more likely than not. the economy will pick up stream -- steam and volatility is something that people are starting to think about whether or not that is appropriate. >> we will take a short break and continue our conversation with the head of markets research. manus cranny will give us an update in two minutes. in london, this is on the move. we are streaming on bloomberg.com and your tablet phone. francisco who is the head at goldman sachs. we're talking about 2014 and the terms. you talked about the trades. the second one that you are saying is in u.s. treasuries. >> we are recommending it to be short against european curves. the content is part of that is the federal reserve. if you look at the cross-section of interest rates, they are not where they should be, in relation to the m
the economy is stronger and improving. loweringhy people are the forecasts. a lot people are saying the same things and the volatility is down. the central banks are in the markets aggressively. whether or not that will last all of 2014 is a question. months?or the first six >> more likely than not. the economy will pick up stream -- steam and volatility is something that people are starting to think about whether or not that is appropriate. >> we will take a short break and...
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Dec 6, 2013
12/13
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BLOOMBERG
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economy. when he got into office, they had been really sapped by sanctions for all these years and could have gone either way. look at zimbabwe next door. interesting because you mentioned the sanctions risk. there was a divide in this country about the sanctions. reagan was slow to act and there was a lot of pressure or members of the congressional black caucus and other circles as they have been noting tonight, lots of concerts in support of mr. mandela, lots of concerts in support of those who said that we should not have any dealings with south africa as long as apartheid was still in place. >> the people for sanctions were on the right side of history because it really did weaken the regime and probably brought them to the bargaining table much quicker. >> in your article, you noted south africa's economic and clinical aspects were intertwined. how so? how did he help to narrow that defined? had growth rates under 1% during the entire apartheid regime. from the time he was a like did unti
economy. when he got into office, they had been really sapped by sanctions for all these years and could have gone either way. look at zimbabwe next door. interesting because you mentioned the sanctions risk. there was a divide in this country about the sanctions. reagan was slow to act and there was a lot of pressure or members of the congressional black caucus and other circles as they have been noting tonight, lots of concerts in support of mr. mandela, lots of concerts in support of those...
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Dec 5, 2013
12/13
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CSPAN
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cry out because this economy is a mess. i have been a hard worker, a jack of all trades willing to learn anything and still i have not been able to gainfully get jobs. next our conversation up will focus on the five-year farm bill and negotiations for that. a big part of the farm bill is the food stamp row graham. we will talk with randy neugebauer, a republican from texas. later, we will discuss the pending budget deal between the house and senate. we will be right back. >> friday on c-span, washington journal looks at the mission and role of the national institutes of health, starting live at 7:30 eastern. :30.:00, followed at 8 at 9:00, national cancer institute director. at nine: 30, a look at the national institute of mental health among all with your calls and comments, live on c-span. >> from age eight, betty ford knew she wanted to do something with dance. plays and skits and to bennington, vermont, where she studied at the school of dance. these are some of her notecards from her spiral mode books where she kept no
cry out because this economy is a mess. i have been a hard worker, a jack of all trades willing to learn anything and still i have not been able to gainfully get jobs. next our conversation up will focus on the five-year farm bill and negotiations for that. a big part of the farm bill is the food stamp row graham. we will talk with randy neugebauer, a republican from texas. later, we will discuss the pending budget deal between the house and senate. we will be right back. >> friday on...
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Dec 10, 2013
12/13
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MSNBCW
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this is a drag on the economy, but it's not out of choice. the long-term unemployed want to be self-reliant. these benefits -- these aren't european-style benefits, where they're permanent. they're without end. and even there people say, i would much rather have a job than permanent benefits. it's just unclear what kind of labor market rand paul is really talking about if he thinks 26 weeks is enough to get a new job in this economy. >> and the only way you can qualify for unemployment benefits is by working. so this notion that it promotes dependency -- and there's basic elements of economics that the rand pauls do not understand about this. let's listen to what president obama said about how unemployment insurance works in this economy. >> unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. just this week, the nonpartisan congressional budget office predicted that allowing benefits
this is a drag on the economy, but it's not out of choice. the long-term unemployed want to be self-reliant. these benefits -- these aren't european-style benefits, where they're permanent. they're without end. and even there people say, i would much rather have a job than permanent benefits. it's just unclear what kind of labor market rand paul is really talking about if he thinks 26 weeks is enough to get a new job in this economy. >> and the only way you can qualify for unemployment...
SFGTV2: San Francisco Government Television
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Dec 2, 2013
12/13
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SFGTV2
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that is essentially an innovation economy; right? because they were building off their major institutions the cleveland clinic so you say flips in business crayons claefd and akron metro coming together and saying we've got the help your network of small and medium sized companies we're not talking about big manufacturing firms that are retooling their business model and making investments in their facilities and any training workers and beginning to design their new proteins for global markets priermentd. because they're small they really need the help and support of intermediatey institutions so they can assess capital. they're all in what we would call the stem economic scientists and technology and engineering and math; right? and the country has really go forward for a long time the fact we've got a to start in our high schools having a fairly substantial number of kids on a track brown where ware doing computer science to get the skills to go into the firms and no non-manufacturing companies and get good jobs. we decided we, yo
that is essentially an innovation economy; right? because they were building off their major institutions the cleveland clinic so you say flips in business crayons claefd and akron metro coming together and saying we've got the help your network of small and medium sized companies we're not talking about big manufacturing firms that are retooling their business model and making investments in their facilities and any training workers and beginning to design their new proteins for global markets...
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Dec 6, 2013
12/13
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CSPAN
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five years ago, the united states economy was reeling from a devastating economy since the late depression -- since the great depression. our economy was shrinking at an 8.3% annual rate. credit was frozen. our auto industry was sliding toward the abyss. and millions of americans were losing their homes and their life savings. to make matters worse, to contain the damage and keep their economy from melting down completely, american taxpayers were forced to provide extraordinary assistance to financial institutions and other companies, many of which had taken risks that contributed to the economic crisis. the president faced an economy teetering on the edge. in response, he quickly moved to put out the financial fires, restore growth and get people back to work. but he was also determined to make sure that a financial crisis like this never happens again. produced the most copperheads of overhaul of our financial system since the great depression. bringing our financial system into the 21st century and creating tools to address a complex and ever-changing market -- and set of markets and in
five years ago, the united states economy was reeling from a devastating economy since the late depression -- since the great depression. our economy was shrinking at an 8.3% annual rate. credit was frozen. our auto industry was sliding toward the abyss. and millions of americans were losing their homes and their life savings. to make matters worse, to contain the damage and keep their economy from melting down completely, american taxpayers were forced to provide extraordinary assistance to...
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Dec 7, 2013
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is there a connection between rebound in the economy and the healthcare act? >> the link is tha this law all thetually for attention to it now is more than three years old, that, you know, jobs growth, you might say, despite the affordable care act, despite the predictions from republicans and its other opponents that this killer, theob consistent description for it, and jay carney opened up his houseng at the white today by suggesting that the eachgrowth consecutively month have coincided with the time period in fact the affordable care act has been on the books. gwen: is that plausible? >> no. the one case they do have is that there are fewer people part-time involuntarily and that was supposed to be something that was going to happen because of the affordable care act. it looks like the shutdown and all that furor didn't really stop the economy. gwen: the word they've been using instead is because the resilient is why it's happened. that's the good news part of it goes so far because just under the surface, there was a lot of evidence of uncertainty. headed
is there a connection between rebound in the economy and the healthcare act? >> the link is tha this law all thetually for attention to it now is more than three years old, that, you know, jobs growth, you might say, despite the affordable care act, despite the predictions from republicans and its other opponents that this killer, theob consistent description for it, and jay carney opened up his houseng at the white today by suggesting that the eachgrowth consecutively month have...
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economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement it's now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french mind and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a pentagon show and he believes these numbers do not tell the truth these are all
economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement it's now at two point nine two percent so let's look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have...
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Dec 5, 2013
12/13
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the economy didn't always work for everyone. racial discrimination locked millions out of poverty -- or out of opportunity. women were too often confined to a handful of often poorly paid and it was only through painstaking struggle that more women, and minorities, and americans with disabilities began to win the right to more fairly and fully participate in the economy. nevertheless, during the post- world war ii years, the economic ground felt stable and secure for most americans, and the future looked brighter than the past. and for some, that meant following in your old man's footsteps at the local plant, and you knew that a blue-collar job would let you buy a home, and a car, maybe a vacation once in a while, health care, a reliable pension. for others, it meant going to college -- in some cases, maybe the first in your family to go to college. and it meant graduating without taking on loads of debt, and being able to count on advancement through a vibrant job market. now, it's true that those at the top, even in those year
the economy didn't always work for everyone. racial discrimination locked millions out of poverty -- or out of opportunity. women were too often confined to a handful of often poorly paid and it was only through painstaking struggle that more women, and minorities, and americans with disabilities began to win the right to more fairly and fully participate in the economy. nevertheless, during the post- world war ii years, the economic ground felt stable and secure for most americans, and the...
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Dec 9, 2013
12/13
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saying global huge in terms of economy you mentioned this could trillion to global economy. trade is smaller than the global economy something like a third. -- global whreblg economy is $65 trillion. step, an incremental increase by 2% or 3%. >> not insignificant. you talked about the key food security. >> yes if there is anything all about it is food security. it is a big part of every country's industry. that has been holding things up. iing block with he cubans was the u.s. and india, u.s. objecting to their exports. of grain they give india a waiver that llows them to subsidize the grain production as long as sit doesn't ends up on global markets. is a way of pushing things down the road and papering over the differences to go on with talks. >> international diplomacy is all about that. we will take a break and they are cleared for takeoff. merge are of american airlines and u.s. air is set to be inked this morning. tell you what else we can watch the rest of the day. ♪ >> you are watching "pulse." later today you will get a speakers maybe hinting at the possibility of
saying global huge in terms of economy you mentioned this could trillion to global economy. trade is smaller than the global economy something like a third. -- global whreblg economy is $65 trillion. step, an incremental increase by 2% or 3%. >> not insignificant. you talked about the key food security. >> yes if there is anything all about it is food security. it is a big part of every country's industry. that has been holding things up. iing block with he cubans was the u.s. and...
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Dec 7, 2013
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. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. austin, let me start
. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs...
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Dec 9, 2013
12/13
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you could harm the economy that way. on the other hand, you have to look ahead and say can we keep doing everything we're doing once the economy recovers, and the answer is no. it just doesn't add up. it's a matter of math that our spending is going to exceed be revenues by an amount that what happens is you have to borrow money to make up that difference, and you have to pay interest on that money, it's like trying to live off of your credit card. eventually, it becomes unsustainable. so, you know, the point is not that you need to cut somebody's social security benefits in this year to try to balance the budget or next year or the next few years. what you need to do is look at the commitments and how are you going to pay for them and come up with something that over time is going to be sustainable. and that's really what the grand bargain is about. it's not about austerity. people sometimes think, well, this is, you know, why are you trying to push austerity in a bad economic time. and we've really got two problems. we
you could harm the economy that way. on the other hand, you have to look ahead and say can we keep doing everything we're doing once the economy recovers, and the answer is no. it just doesn't add up. it's a matter of math that our spending is going to exceed be revenues by an amount that what happens is you have to borrow money to make up that difference, and you have to pay interest on that money, it's like trying to live off of your credit card. eventually, it becomes unsustainable. so, you...
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Dec 10, 2013
12/13
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economy. we've got big head winds from europe, from the currency, from ongoing deleveraging from households, we need to provide a lot of stimulus. but that stimulus can create risk. you mentioned the housing market, that's one example. we need to take other steps in order to reduce those risks. manage those risks, mitigate those risks and if we -- because if we don't we're going to create bigger problems down the road or we're going to have to pull back too soon on monetary policy which is the last thing we want to do. >> rose: we conclude with michael dell who just completed taking his company private. >> what i will say is that i'm very proud that during the time our company was public our stock appreciated over 13,500%, which was 27 times the amount of the s&p 500 during that same period. so, yeah, we missed something. everybody misses some things but we built one heck of a business. it's still one heck of a business and now it's growing at double digit rates and we're investing for the fut
economy. we've got big head winds from europe, from the currency, from ongoing deleveraging from households, we need to provide a lot of stimulus. but that stimulus can create risk. you mentioned the housing market, that's one example. we need to take other steps in order to reduce those risks. manage those risks, mitigate those risks and if we -- because if we don't we're going to create bigger problems down the road or we're going to have to pull back too soon on monetary policy which is the...
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the economy. is the public that just goes up and i don't think the country can afford it it will be very great to you know everyone could buy a house. i think it's a good thing we used to have laws in germany where you could get subsidies as a home owner but that's a thing of a past this is ok if you didn't get this i think for individual people it would be good news but not for the country you never know where the money comes from for such gifts i says crisis plan though controversial has helped many there stave off financial disaster but here's what happens when government measures don't go so well almost a quarter of people in the live under the threat of poverty that's more than one hundred twenty million people too are the latest additions to the block ball gary in romania topped the list of europe's poorest countries and next as he can offer reports even the founding e.u. states like italy and are struggling more than ever. marco used to work as a pizza your many talents used to call it the
the economy. is the public that just goes up and i don't think the country can afford it it will be very great to you know everyone could buy a house. i think it's a good thing we used to have laws in germany where you could get subsidies as a home owner but that's a thing of a past this is ok if you didn't get this i think for individual people it would be good news but not for the country you never know where the money comes from for such gifts i says crisis plan though controversial has...
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and this is the people who can't even afford to eat this is looking at the true state of the british economy now george osborne as we said he likes the deny the statistics deny the actual facts but tweet from the independent reads experts said government may be covering up how austerity and welfare cuts are adding to food crisis hunger in britain has reached the level of a quote public health emergency and the government may be covering up the extent to which all stared and welfare cuts are adding to the problem leading experts have said this is from the british medical journal and they spoke to a group of doctors senior academics and two leading universities all the way to calculate g.d.p. in this country is how many people are killing so it's really debt per death or a death so they'll be fuel poverty this winter meaning people will die like they did last winter and that will add to the g.d.p. so i was born talk about g.d.p. growth these are showing dead bodies and the first we looked at bodies over helps our g.d.p. growth. so the report by these doctors and universities. is that a surge i
and this is the people who can't even afford to eat this is looking at the true state of the british economy now george osborne as we said he likes the deny the statistics deny the actual facts but tweet from the independent reads experts said government may be covering up how austerity and welfare cuts are adding to food crisis hunger in britain has reached the level of a quote public health emergency and the government may be covering up the extent to which all stared and welfare cuts are...
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is spending cuts to deal with their ailing economy there's no recovery in sight nor will there be for quite some time to protest too but assign it to stick with brussels assist with austerity ice and cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people plus although foreign debt in iceland was six times higher than g.d.p. during the crash greece however after four years of austerity measures designed to reduce greece's public debt has instead continued to grow to one hundred seventy five percent of g.d.p. and the biggest difference of all of course greece has the euro iceland has the freedom of their own currency. let's get more perspective now from rodney shakespeare he's a professor of binary economics joining us from our london studios so do you share this optimism that iceland really is enjoying a financial recovery now. iceland is quite right to make an upfront challenge to the global financial system. unless you say that you're going
is spending cuts to deal with their ailing economy there's no recovery in sight nor will there be for quite some time to protest too but assign it to stick with brussels assist with austerity ice and cannot be directly compared because of course of the size of the economies and indeed the population as well go i said with three hundred twenty thousand greece with eleven point three million people plus although foreign debt in iceland was six times higher than g.d.p. during the crash greece...
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Dec 7, 2013
12/13
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so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will be willneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal costs per hour have gone up 10% to 25%? >> well, you have to put that question in context. first of all most of our low wage jobs are in the retail and service industries. a study was done on impact of raging minimum wage to $12.25. in the real retail industry that would amount to 1 hers of annual sales. 6% of payroll. so we're not talking about a dramatic shift, number one. number two, would you hire them? i think the answer is if you want to stay in business and want to stay competitive, yes, you will. no question about it. we're lookin
so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will be willneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal...
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Dec 8, 2013
12/13
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that's very damaging to our economy. estimates are that every dollar invested in unemployment insurance pays back 1.6 to $2 in added growth of gdp. secondly, we know that unemployment insurance is an effective anti-poverty tool and we care about that in this country. the census bureau reported that in 2012, unemployment insurance alone kept 1.7 million americans out of poverty including close to half a million children. as congresswoman del lore row said, it is scandalous that in the richest nation in the world that one in six americans is living in poverty. and the least that this congress can do is make sure that it doesn't exacerbate that problem by cutting off the vital income that millions of americans rely upon. finally, i want to just put to rest the kin nard that long-term unemployment insurance keeps people unemployed. number one, that reflects that people who say that don't understand how unemployment is officially counted. one is only counted as unemployed if one is looking for work. the long-term program requ
that's very damaging to our economy. estimates are that every dollar invested in unemployment insurance pays back 1.6 to $2 in added growth of gdp. secondly, we know that unemployment insurance is an effective anti-poverty tool and we care about that in this country. the census bureau reported that in 2012, unemployment insurance alone kept 1.7 million americans out of poverty including close to half a million children. as congresswoman del lore row said, it is scandalous that in the richest...
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Dec 9, 2013
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two economies of roughly equal size means that the international involvement of those economies with each other and with the rt of the world are roughly on the same scale. so the international importance of the euro for private business is likely to be of roughly the same order of magnitude as the international importance of the dollar for private businesses. the creation of the euro was really a political event more than an economic event. of course it has economic consequences, but the reason the europeans did this was to accelerate their move to a european federation, to a united states of europe. schoumacher: having a common currency in which to do business, having increased the integration of european business enterprises and other activities across borders is more likely to create a single european market rather than a fragmented market. what the euro means is that member countries will no long be able to have their own monetary policies. what that means is that the interest rate in france and spain and germany and ireland must be the same, thereannot difft terest rates because
two economies of roughly equal size means that the international involvement of those economies with each other and with the rt of the world are roughly on the same scale. so the international importance of the euro for private business is likely to be of roughly the same order of magnitude as the international importance of the dollar for private businesses. the creation of the euro was really a political event more than an economic event. of course it has economic consequences, but the reason...
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Dec 6, 2013
12/13
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the economy contracted. a lot of concern in brazil at the moment. >> you get a sense that the designed to shine a light on the positives of the country, to get it to the front and center. you don't want the kind of that we have got at the moment. >> everyone is looking at you. over $1rica spent just billion of stadiums. brazil is spending three times theuch and everyone in country is asking questions, why? we need upgrades to infrastructure. there are a lot of people who need help. you saw it over the summer. a rising middle class demanding a -- more out of their government and asking why. they will be hoping the losses on the stadiums don't continue. >> thank you very much indeed, jonathan ferro. let's continue the conversation surrounding brazil. >> at skidmore on brazil after the tragic accident. brazil is set to meet the december deadline. while the stadium will eventually be complete, we want to know what deeper economic issues are thwarting progress. i am joined by gary greenberg, head of emerging mark
the economy contracted. a lot of concern in brazil at the moment. >> you get a sense that the designed to shine a light on the positives of the country, to get it to the front and center. you don't want the kind of that we have got at the moment. >> everyone is looking at you. over $1rica spent just billion of stadiums. brazil is spending three times theuch and everyone in country is asking questions, why? we need upgrades to infrastructure. there are a lot of people who need help....
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basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full employment, so much excess capacity, no one rushes out to invest because the local government laid off school teachers or federal government laid off air traffic controllers. doesn't make any sense. we need the demand in the economy. we're just not getting it. liz: what should we be doing? we've done what one side wanted to do, that is cut back on government jobs. we've done what the democrats wanted to do, the president got a stimulus passed. president bush went through with the tarp and bailed out the auto industry. yet we're not seeing the job growth or unemployment rate at levels we need to see it at.
basically a economy without a lot of dynamism. 2% would be okay if we were full employment, economy's potential, somewhere around 2 1/2%. liz: interesting to me we're saying, very thing some people in congress asked for, particularly conservatives, slim down, cut back, they did. you're saying that because of those cutbacks that is the drag on the economy? >> absolutely. i mean in other contexts you could talk about the private sector making up the gap but when we're still so far full...
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Dec 6, 2013
12/13
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i want to emphasize that although the economy has improved, it is far from a healthy economy that provides job opportunities for all who need and want to work, particularly the long-term unemployed. unemployment remains higher than it was before the recession and it has kicked down a little bit since the last time the program was renewed but in reality, that's because of labor force dropouts as opposed to a real decline in unemployment. if we included all the missing workers in our unemployment count, unemployment today would be 11%. this is not the kind of economy in which people struggling with long-term unemployment can find jobs. there are still officially three unemployed workers for every single job opening which means each month to out of three unemployed workers is completely out of luck when it comes to finding a job. second, i want to talk about the demographics of the long-term unemployed because this is important. the demographics are part in it are part of who lost jobs first and who suffered the most. while unemployment has cut across every demographic rubin our economy, work
i want to emphasize that although the economy has improved, it is far from a healthy economy that provides job opportunities for all who need and want to work, particularly the long-term unemployed. unemployment remains higher than it was before the recession and it has kicked down a little bit since the last time the program was renewed but in reality, that's because of labor force dropouts as opposed to a real decline in unemployment. if we included all the missing workers in our unemployment...
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Dec 6, 2013
12/13
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how long before we decide, object, the economy is improves? at the current rate we're going which is too slow, we'll be at two plus more years of unemployment rate at about 6.5%. what we really need to do is to create jobs. better jobs. this is where the minimum wage starts to come in. all the strikes we've been noticing. these are workers, especially fast food places that are demanding much higher wages than they're colonelly getting which is a start. >> we're talking about raising the minimum wage. nancy, rand paul, senator paul was in detroit today. and he laid out an economic strategy. some of which i like and some of which i think was problematic. one of the things he said he wanted to do was to lift the requirements of paying prevailing wage and paying a wage to construction workers that for union construction workers. he said i want to lift that burden from construction companies. we've been talking about raising the wage. do you think it is an i crease in prosperity? >> i think it could be if it creates jobs. as someone who had a recor
how long before we decide, object, the economy is improves? at the current rate we're going which is too slow, we'll be at two plus more years of unemployment rate at about 6.5%. what we really need to do is to create jobs. better jobs. this is where the minimum wage starts to come in. all the strikes we've been noticing. these are workers, especially fast food places that are demanding much higher wages than they're colonelly getting which is a start. >> we're talking about raising the...
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Dec 9, 2013
12/13
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many analysts now talk about mexico as the next tiger economy, or leopard economy, because there are no tigers in mexico. economic principle tells us that free trade or at least freer trade will mean lower consumer prices and in the long-term, job security and a stable, competitive economy. but in the real world, the short-term world, all of us and our elected officials find it hard to turn away from the plight of those whose jobs are threatened by competition from abroad, no matter how fair that competition. for "economics usa" this is david schoumacher. annenberg media ♪ annenberg media ♪ gold was the standard agait which most of the world valued its currency. why would the united states break from the gold standard in 1933? in 1944, world leaders designed a blueprint for a new international monetary order, a plan dependent upon the strength of the american dollar. what led to the collapse of the heralded bretton woods agreements?
many analysts now talk about mexico as the next tiger economy, or leopard economy, because there are no tigers in mexico. economic principle tells us that free trade or at least freer trade will mean lower consumer prices and in the long-term, job security and a stable, competitive economy. but in the real world, the short-term world, all of us and our elected officials find it hard to turn away from the plight of those whose jobs are threatened by competition from abroad, no matter how fair...
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Dec 5, 2013
12/13
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you may think that's bad news for the economy. over the long run that's true but in first lo but low productivity growth is an omen. >> good to see you. six big global banks accused of colluding to create line libor, setting the interest rate from everything, student loans to credit cards. citibank will play another $95 million as part of the settlement. as debated for three years now the rule could be a harsh reality for wall street. they're expected to pass a stricter version of the letter to keep from making speculative trades. they can't use your fossed mountain or cheaper borrowed money for trading. i have a full plate today but as we get close for next tuesday i'm going to make sure that we explain the control rule to you. doctor, doctor, why won't you take my obama insurance. why many physicians fear obama will hurt their bottom line and they've decided not to participate. and then pay your damn parking tickets. we'll have that story when we return. >> this isn't a new channel, this is a watershed moment in media for americ
you may think that's bad news for the economy. over the long run that's true but in first lo but low productivity growth is an omen. >> good to see you. six big global banks accused of colluding to create line libor, setting the interest rate from everything, student loans to credit cards. citibank will play another $95 million as part of the settlement. as debated for three years now the rule could be a harsh reality for wall street. they're expected to pass a stricter version of the...